Tianshan Textile Reorganization Insider Trading Details Exposure

17, the intermediate people's Court of Urumqi

There are many insider traders.

The prosecutor of the Urumqi people's Procuratorate said that on July 21, 2009 and 22, defendant Yao Rongjiang, who served as general manager of Xinjiang Investment Company Limited in Xinjiang, leaked the insider information of "Xinjiang Katie Investment Co., Ltd. to Tianshan spinning and weaving" to the defendant Wang Qing by taking part in the duties of Tianshan textile reorganization, and instructed the defendant Wang Qing to buy the Tianshan textile stock from the Xinjiang Han Yang Investment Co., Ltd. jointly operated by two people.

The defendant Wang Qingli used the insider information to buy "320000 shares of Tianshan textile" in the name of "Xinjiang Han Yang Investment Limited" in the price sensitive period, which was identified by the China Securities Regulatory Commission in July 21, 2009 and 22. The paction amount was 2022576.16 yuan. In the name of "Gu Guodong", it bought 317000 shares of Tianshan textile stocks, the paction amount was 1947747 yuan, 488800 shares were purchased using the "Wang Ching" stock account, the paction amount was 3048918.39 yuan, three shares were traded in 1125800 shares, and the turnover amount was 7019241.55 yuan.

In July 22, 2009, Wang Qing also used the inside information to purchase 160000 shares of Tianshan textile stock with the account of "Xinjiang Rong Hui Mining and gold mining Limited by Share Ltd" account for 1039075 yuan, and bought 45903 shares of Tianshan textile on behalf of "Shi Xiao Ying" personal account, with a turnover of 298677.5 yuan.

Defendant Wang Qing also told Wang Jihong, Liu Jinsong and Li Feng about the information, and three of them bought Tianshan textile stocks and made profits.

In July 22, 2009, defendant Yao Rongjiang leaked the insider information of "Tianshan textile reorganization" to Cao Ge, manager of the asset management department of Xinjiang Katie Investment Co., Ltd., and Cao Ge, the defendant, leaked the inside information to the defendant Chen Xuesong, and instructed Chen Xuesong to buy Tianshan textile stocks.

In July 22nd, defendant Chen Xuesong bought 125400 shares of Tianshan textile stocks with his personal account jointly invested by Cao and Ge, and the paction amount was 797714.9 yuan.

On the same day, Cao Ge also bought 87000 shares of Tianshan textile stocks on behalf of his sister-in-law "Zhang Rong" personal account, with a turnover of 5 billion 505 million 299 thousand and 800 yuan.

Restructuring is still advancing in an orderly way.

The public prosecutor believed that the defendant Yao Rongjiang and Cao Ge ignored the laws of the state and were insider information insiders. They intentionally leaked the inside information to the persons outside the informed party before the information that had a significant impact on the price of the securities, and directed others to engage in insider trading. The amount was huge. The defendant Wang Qing, Chen Xuesong, the defendant unit, Xinjiang Hanyang Investment Co., Ltd., and Xinjiang Rong Hui Mining and Limited by Share Ltd mining company illegally obtained the inside information, and used the insider information to conduct stock trading. The paction volume was huge.

We should investigate the criminal responsibility of Wang Qing, Chen Xuesong and defendant units, Xinjiang Hanyang Investment Co., Ltd. and Xinjiang Rong Hui Mining and mining Limited by Share Ltd, based on insider trading and disclosure of insider information.

In the trial, the prosecution and defense debate fiercely on whether the criminal suspect's criminal act is immediate and the way to calculate the profit of the crime.

In addition, Xinjiang Katie Investment Co., Ltd. told our reporter that the suspect involved in a crime is an individual act.

After the incident, the company indicated that it should strengthen internal management and conscientiously reform and cooperate with the regulatory authorities to investigate and deal with illegal and criminal activities.

In accordance with the instructions of the competent authorities in the Xinjiang Uygur Autonomous Region, we must unswervingly push forward the textile reorganization work in Tianshan and replenish relevant materials in accordance with the requirements of the China Securities Regulatory Commission in a timely manner. At present, the reorganization work is in an orderly way.

Tianshan textile reorganization insider trading exposed many participants.